A complete waste of time and resources. They ask for extensive documentation and waste your time:1. Credit check before anything else, which will dramatically reduce your credit ASAP!2. They ask for the following: - Survival budget - Business plan - Financial projection - Bank statements - Proof of ID - Proof of incomeThen they start communicating with you, which takes more than 3 months. Sometimes, they don't respond for over a month. Then they ask for ANOTHER CREDIT CHECK!!! This means your credit is already destroyed. Plus your business idea with full documentation is exposed, god knows how many people will have acees to it.Then they will say no and ask you to prove this and that, etc. THEIR LOAN IS IN YOUR NAME, NOT FOR YOUR BUSINESS, SO IT IS A PERSONAL LOAN!!If you have good credit, just go to your bank’s mobile app and ask for a car loan. It takes 5 minutes, and the money is in your bank within 24 working hours. Then loan your business yourself.They just collect data for their subsidiary company or the advisors to use these data and ideas. God knows how they monetize these ideas. They are looking for individuals who have good credit.
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The Start Up Loans Company was established in September 2012, with a mission to help new and early-stage UK businesses access affordable finance and mentoring support.
